20
Oct
12:08
Atlas Iron cash positive, fights for profit
Atlas Iron was net cash positive in the September quarter for the first time since it was forced to restructure its debts in early 2016. The company will need to cut costs further to become profitable, especially if prices fall further, Kallanish notes.
The company generated a net AUD 15 million ($11.78m) from shipments of 3m tonnes of iron ore over the quarter. Full cash costs were up AUD 3/wet metric ton to AUD 55/wmt cfr China on the back of higher haula…
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Anonymous
Very good overview of the weekly steel market.
Anonymous